Financial Analysis of the Oil Sector in North Macedonia – The Case of Makpetrol AD Skopje

The volatility of world stock markets, especially the price
of oil and oil derivatives, requires permanent creation of financial policies
and financial construction of oil companies in order to maintain
financial stability, precisely because oil companies are one of the key
elements for maintaining a stable economy in a country. In North Macedonia,
as a small and import-dependent economy, the primacy in the
oil industry is held by Makpetrol AD Skopje, which is a highly ranked
company with a high level of financial stability and financial indicators
that in certain time periods exceed the industry average.
The purpose of the research is to analyze trends in sales revenue and
operating profit before and during the global increase in oil prices and
to analyze the company’s key financial indicators.
According to the research results, Makpetrol AD Skopje has a relatively
stable financial situation with a relatively high level of liquidity and
solvency, and relatively good indicators of return on funds and return
on capital.